Common use of ACCUMULATION UNITS Clause in Contracts

ACCUMULATION UNITS. This Contract will be credited with the number of Accumulation Units of each subaccount of the Separate Account bought by the amount of the Purchase Payment allocated to each subaccount of the Separate Account. This Contract will also be credited with the number of Accumulation Units of each subaccount of the Separate Account bought by the amount of any Additional Purchase Payment allocated to each subaccount of the Separate Account.

Appears in 4 contracts

Samples: Contract Contract (First Investors Life Variable Annuity Fund D), First Investors Life Variable Annuity Fund D, First Investors Life Variable Annuity Fund D

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ACCUMULATION UNITS. This Contract will be credited with the number of Accumulation Units of Separate Account A or of each subaccount of the Separate Account C bought by the amount of the Net Single Purchase Payment allocated to each subaccount of the Separate Account. This Contract will also be credited with the number of Accumulation Units of Separate Account A or of each subaccount of the Separate Account C bought by the amount of any Net Additional Purchase Payment allocated to each subaccount of the Separate Account.

Appears in 1 contract

Samples: Annuity Contract Contract (First Investors Life Variable Annuity Fund C)

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